FAQ: What is a written undertaking?

The written undertaking is a commitment made by the person accepting fiduciary responsibility for the funds and assets of the organisation that, although the founding document does not include the requirements of section 30 of the IT Act necessary to obtain PBO approval, the organisation will be administered in compliance with these requirements. The written undertaking is an interim measure and the organisation must still incorporate the relevant requirements of section 30 of the IT Act in its founding document.

Last Updated:

Share this page on:
Share on facebook
Share on twitter
Share on linkedin
Share on email
Share on print